South Korea is to build a USD 8.2 billion offshore wind project in the Yellow Sea to 2500MW of power. The three-phase project is expected to help the country cut dependence on fossil fuels and harness renewable energy and cut dependence on fossil fuels. First, by 2013, South Korea will build a “proving area” off the coast of southwestern Buan and Yeonggwang counties to test 20 5MW turbines. It will install 180 5MW turbines by 2016 and 300 5MW turbines by 2019.Head of the Ministry of Knowledge Economy’s energy and climate change policy, Kang Nam-hoon, said the project aimed to make South Korea the world’s third-largest nation in the offshore wind power generation, with an eye to eventually exporting related equipment and technology.
